This item was posted in the Pacific Rim thread, but I thought that it was relevant here. The article (in the Thursday May 7 edition of the Globe and Mail) was interesting, and showed some of the problems and politics that companies like Yamana could face in Latin America.
Unfortunately, the PFG poster did not mention that the treaty was being held up by a new unrelated dispute. Apparently Chile wants a dispute centred in Tierra del Fuego to be resolved before the treaty would be ratified.
Neil.
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Interesting article in today's Globe & Mail ROB on the pending treaty between Chile and Argentina. 23 out of 24 border disputes have been settled, and the 24th is going to arbitration soon (it was put on hold until the December, 1997 elections in both countries). Unfortunately, after the first 22 disputes were quickly settled, Chile lost the 23rd on arbitration -- and is still irritated about the outcome. Anyway, when all 24 border disputes are settled, the treaty will go ahead. It will allow goods to flow across the Chile/Argentina border without all the present restrictions (goods cross now, but only after a heavy load of red tape).
The treaty is important because it will allow resources mined on the Argentina side of the Andes to quickly pass to the Chile side for processing and sea transport. This lack of access to the Pacific is said to be the reason that exploration in Argentina is far behind that in Chile.
The article mentioned that the eastern side of the Andes, i.e. Argentina, is mainly unexplored as far as resouces, and holds great promise for the future. |
